Feeling sorry for myself!

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kallis3

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Post by kallis3 » Sun Jun 13, 2010 4:30 pm
Totally agree Pandy, and I hope you get a decent, discounted holiday. They're the best ones!

Wish I'd found the forum before I did as well!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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struggling63

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Post by struggling63 » Sun Jun 13, 2010 8:42 pm
When I start to think about what other people are doing that I can't afford to, it dawns on me that they probably have their financial problems to come, as let's face it more often than not, whatever they are doing or buying is paid for on plastic or by means of a loan!

There's still a lot of people living in la-la land, and when interest rates eventually begin to rise, I think the IVA firms are going to be very busy indeed!
 
 

kallis3

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Post by kallis3 » Sun Jun 13, 2010 9:05 pm
I think you are probably right there.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Mattybaldy

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Post by Mattybaldy » Mon Jun 14, 2010 1:27 am
I think a lot of people are going to be in a whole lot of trouble in the coming months and years.

I know several people who kept on remortgaging their homes when the house prices went crazy after already maxing out their credits cards and taking on loans and now we've had the slump they are perilously close to negative equity with credit coming out of their ears.

I really do see some troubled tmes ahead.
 
 

kallis3

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Post by kallis3 » Mon Jun 14, 2010 6:39 am
I think people have been lulled into a false sense of security with the interest rates having been so low for so long.

The trouble will start when they begin to rise again as they most definitely will.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

wannabedj

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Post by wannabedj » Mon Jun 14, 2010 8:38 am
I just think of it this way, they're more than likely to be using some sort of credit to fund their life style. I'm not, everything I now buy is paid for in full.
I tried explaing this to a friend of mine the weekend. He was going on about his buy now pay next year deal for a TV he got from Tesco's. Stating that £17 a month is nothing really. I just stated, what if your car broke down or something else came up and you needed that £17?
Last edited by wannabedj on Mon Jun 14, 2010 10:25 am, edited 1 time in total.
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flow13

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Post by flow13 » Mon Jun 14, 2010 10:28 am
I remember feeling like this in the first 2 years of our IVA. The time will fly by and you need to try and be positive about everything.


Just think - at the end of the IVA you will be debt free and your friends will probably be paying off credit cards and loans. xx
Its now time to start living and to make some some wonderful memories!
Read my blog at http://flow13.blogs.iva.co.uk/ 'Aiming for the finish line'
 
 

Mattybaldy

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Post by Mattybaldy » Mon Jun 14, 2010 1:32 pm
I tend to think of my IVA as being a 5 year consolidation loan, which is kind of what it is in a way.

You pay one monthly sum to one person and that covers everything. The only difference is that you can't get any more credit, which in these troubled times, is no bad thing.

Aside from a mortgage at some point in the future I won't be taking on any credit again that's for sure.
 
 

Shining

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Post by Shining » Mon Jun 14, 2010 3:36 pm
I agree Mattybaldy, I tend to think of it as a 60 month (don't like 5 years sounds longer) consolidation repayment.

Which is why I like the security it offers me. I tell my daughter someone else is managing our money at the minute and she knows about Melanie. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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